HIT Vendor Gets $77.5M in Private Equity | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

HIT Vendor Gets $77.5M in Private Equity

January 8, 2014
by Gabriel Perna
| Reprints

MedHOK, a Tampa, Fla.-based company that provides an integrated care management platform for accountable care organizations (ACOs) and risk-bearing entities, received $77.5 million in equity investment this week.

Investing in the company was Bain Capital Ventures, the venture and growth capital affiliate of Bain Capital, and Spectrum Equity. The two gave MedHOK money in exchange for a minor ownership stake. After a record breaking year of investment in digital health, the MedHOK deal has already gotten 2014 off to a fast start, surpassing all but two deals (in dollar size) from last year.

“We are excited about partnering with MedHOK, a company with the foresight to recognize and respond to healthcare’s shift to a performance-based care model that links reimbursements to quality of outcomes rather than quantity of transactions,” Jeff Crisan, managing director at Bain Capital Ventures, said in a statement. “MedHOK bridges the disparate silos of medical and pharmacy to deliver a member-centric experience and improved care for its customers.”

Population health is a major theme in recent investment deals. The biggest deal of 2013 was $100 million for Arlington, Va.-based Evolent Health, which also helps entities manage populations in a pay-for-performance payment model.

According to Reuters, MedHOK is a future candidate for public listing or sale. MedHOK’s integrated care management platform claim to be able to integrate clinical information between provider organizations within an ACO in real-time, for the purpose of improve care and reduced costs. It also serves payers and patient-centered medical homes (PCMH).

Reno, Nev.-based Hometown Health and Inland Empire Health are among MedHOK’s customers.



NewYork-Presbyterian, Walgreens Partner on Telemedicine Initiative

NewYork-Presbyterian and Walgreens are collaborating to bring expanded access to NewYork-Presbyterian’s healthcare through new telemedicine services, the two organizations announced this week.

ONC Releases Patient Demographic Data Quality Framework

The Office of the National Coordinator for Health IT (ONC) developed a framework to help health systems, large practices, health information exchanges and payers to improve their patient demographic data quality.

AMIA, Pew Urge Congress to Ensure ONC has Funding to Implement Cures Provisions

The Pew Charitable Trusts and the American Medical Informatics Association (AMIA) have sent a letter to congressional appropriators urging them to ensure that ONC has adequate funding to implement certain 21st Century Cures Act provisions.

Former Michigan Governor to Serve as Chair of DRIVE Health

Former Michigan Governor John Engler will serve as chair of the DRIVE Health Initiative, a campaign aimed at accelerating the U.S. health system's transition to value-based care.

NJ Medical Group Launches Statewide HIE, OneHealth New Jersey

The Medical Society of New Jersey (MSNJ) recently launched OneHealth New Jersey, a statewide health information exchange (HIE) that is now live.

Survey: 70% of Providers Using Off-Premises Computing for Some Applications

A survey conducted by KLAS Research found that 70 percent of healthcare organizations have moved at least some applications or IT infrastructure off-premises.